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Rediff Money Live Stock Market - India

What is the difference between book closure and record date?

Written By Sheffin on Tuesday, September 1, 2009 | 8:15 PM


In case of a record date, the company does not close its register of security holders. Record date is the cut off date for determining the number of registered members who are eligible for the corporate benefits. In case of book closure, shares cannot be sold on an Exchange bearing a date on the transfer deed earlier than the book closure. This does not hold good for the record date.

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